How much capital does NextEra Energy plan to invest over the next few years?

The company plans to deploy an additional $6 billion to $8 billion in growth capital through 2016. This includes significant investments in its utility (FPL), energy resources (wind, solar, natural gas), and transmission segments.

What are some of the key assumptions underlying NextEra Energy's earnings projections?

The projections assume normal weather and operating conditions, no further significant economic decline in the national or Florida economy, supportive commodity markets, public policy support for renewables, market demand and transmission for renewables, access to capital at reasonable costs, no major acquisitions/divestitures, no adverse litigation, and no significant changes to governmental tax policy or incentives.

Are there any plans for equity issuance to fund these investments?

Yes, NextEra Energy indicated it may issue common stock of up to $1.5 billion in 2014 to support future capital investments and balance its capital structure.

NEXTERA ENERGY INC 8-K: Regulation FD

Q: What is NextEra Energy's projected earnings per share (EPS) growth rate through 2016?

NextEra Energy expects to achieve average adjusted earnings per share (EPS) growth of approximately 5-7% per year through 2016, starting from its 2012 adjusted EPS base.

Summary

NextEra Energy, Inc. (NEE) held its 2013 Investor Conference on March 11-12, 2013, providing significant updates on its growth strategy and financial outlook. The company outlined expectations for average adjusted earnings per share (EPS) growth of approximately 5-7% per year through 2016, based on a 2012 adjusted EPS. Specific adjusted EPS targets were provided for each year from 2013 to 2016, offering investors a clearer view of management's financial projections. These projections are subject to various assumptions, including normal operating conditions, stable economic and market environments, and continued public policy support for renewable energy. Furthermore, NextEra Energy detailed plans for substantial capital investments to fuel this growth. The company anticipates deploying an additional $6 billion to $8 billion in growth capital through 2016. This investment will be allocated across its subsidiaries, including Florida Power & Light Company (FPL) for infrastructure improvements, NextEra Energy Resources for wind and solar projects, and NextEra Energy Transmission for North American transmission opportunities. The company also highlighted initiatives aimed at improving operational efficiency, projecting significant annual savings in operations and maintenance expenses.

Key Highlights

1NextEra Energy projects average adjusted EPS growth of 5-7% annually through 2016.
2Specific adjusted EPS guidance provided for 2013 ($4.70-$5.00), 2014 ($5.05-$5.45), 2015 ($5.30-$5.70), and 2016 ($5.50-$6.00).
3Company plans to deploy $6 billion to $8 billion in growth capital through 2016.
4Florida Power & Light (FPL) to invest $4 billion to $5 billion in capital expenditures.
5NextEra Energy Resources to invest approximately $3 billion in new wind (500-1,500 MW) and solar (up to 300 MW) projects and natural gas infrastructure.
6NextEra Energy Transmission is pursuing new transmission project opportunities.
7Initiatives at FPL aim to achieve $50 million to $75 million in annual O&M expense savings.

NEXTERA ENERGY INC 8-K Report, Regulation FD Disclosure (Mar 12, 2013)

Summary

Key Highlights

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